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Coinbase Global Bullish Cycle In Progress

Coinbase Global Bullish Cycle In Progress

Coinbase Global (COIN) went public on April 14, 2021 with its Initial Public Offering (IPO) and the stock reached its peak on the same day. Subsequently, the cryptocurrency sector was hit hard by the bear market, causing COIN to lose 90% of its value over the following 21 months . Since the beginning of this year, Coinbase has shown an impressive rally […]
It’s All Feeling A Little Too Extended

It’s All Feeling A Little Too Extended

Image Source: Unsplash  We warned market moves were looking extended following the latest wave of Dollar weakness and equity market strength. And into Tuesday, as per our warning, we are seeing a readjustment of positions, with traders perhaps recognizing they may have gotten a little too aggressive with bets for an all-out reversal of Fed policy.Video […]
Forex Today: RBA Holds Rates & Tilts Dovish

Forex Today: RBA Holds Rates & Tilts Dovish

The Reserve Bank of Australia decided at its policy meeting earlier today to maintain its cash rate at 4.35% and stated that inflation is continuing to moderate, which is seen as a dovish tilt.  The Reserve Bank of Australia held its Cash Rate at 4.35% at its policy meeting a few hours ago, with Governor […]
The RBA Kept The Rate On Hold But Left A Hawkish Bias

The RBA Kept The Rate On Hold But Left A Hawkish Bias

Image Source: Unsplash  As of Friday’s stock market close, the Dow Jones Index (US30) decreased by 0.11%, and the S&P 500 Index (US500) was down by 0.54%. The Nasdaq Technology Index (US100) closed negative 0.84% on Monday, hitting a 3-week low. Yesterday’s rise in bond yields pressured technology stocks and lowered the broad market. Bond yields are rising on concerns that markets may be […]
Costco Wholesale Continues Further Upside & Remain Supported

Costco Wholesale Continues Further Upside & Remain Supported

Costco Wholesale Corporation., (COST) engages in the operation of membership warehouse in the United States, Puerto Rico, Canada, United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China & Taiwan together with its subsidiaries. It offers branded & private label products in the range of merchandise categories. It also operates e-commerce websites in the US, […]
Global Markets Are Preparing For Something Massive, But What?

Global Markets Are Preparing For Something Massive, But What?

Image Source: Pexels  Wild trading last week wasn’t just about recession worries, there was quite a bit of fear pushed into curves particularly forward curves and especially those in Europe. By Friday, the moves were astounding, the sort of swings last seen clustered around March and April. First, a review of what happened and then some […]
USD/JPY Outlook: Yen Firm Despite Downbeat Tokyo CPI

USD/JPY Outlook: Yen Firm Despite Downbeat Tokyo CPI

Despite a dip in Tokyo’s inflation, the yen flexed its muscle against the dollar on Tuesday, signaling a persistently bearish USD/JPY outlook. Moreover, the pair stayed close to the three-month low of 146.235 yen recorded in the previous session. In November, core inflation in Tokyo decelerated, supporting the central bank’s belief that cost-push pressures in the […]
Wall Street Analysts Are Optimistic For 2024

Wall Street Analysts Are Optimistic For 2024

Image Source: Pixabay  It’s that time of the year where Wall Street polishes up their crystal balls and pin targets on the S&P index for the upcoming year. As is often the case, while Wall Street is always optimistic, the forecasts prove pretty wrong.For example, on December 7th, 2021, we wrote an article about the predictions […]
BTC/USD Potential Reversal: Shorting Bitcoin In An Uptrend

BTC/USD Potential Reversal: Shorting Bitcoin In An Uptrend

BTC/USD trading strategy  Buy/sell asset: Sell BTC/USD Entry price: $41,900 Stop loss: $42,774 Leverage: 1x Take profit 1: $41,000 Take profit 2: $40,200 Take profit 3: $38,800 Timeframe: 1-2 weeks Maximum profit: 7.3% Maximum loss: 2%  BTC/USD chart and technical analysis Bitcoin is in an uptrend and made a substantial rally in the past couple […]
Dividends By The Numbers In November 2023

Dividends By The Numbers In November 2023

November 2023’s dividend changes can be summarized pretty simply. Month-over-month, they were positive. Year-over-year, they were mixed.Overall, we find favorable dividend changes involving announcements of dividend increases and of special, or extra, dividend payments increased over October 2023’s levels. By the same token, we find November 2023’s unfavorable changes including decreased dividend payments and suspensions, or […]